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Well, here’s some great news: The CEO takes full responsibility [1]! > Ultimately, we had optimized some aspects of our operations for a very different world t
by jay-barronville 4y ago
Well, here’s some great news: The CEO takes full responsibility [1]!
> Ultimately, we had optimized some aspects of our operations for a very different world than we found ourselves operating in. The responsibility for that falls squarely on me.
[1]: https://www.publicnow.com/view/CEA41F7D5BB5C6CFF1144A3A9C4623D8A7748639 https://www.publicnow.com/view/CEA41F7D5BB5C6CFF1144A3A9C462...
- deleted 4y ago[deleted]
- deleted 4y ago[deleted]
- mattyb678 4y agoLet’s not mince words, though; the accountability for this decision rests with me. The consequences, on the other hand, rest with you, but so does a pretty generous COBRA package.[1] /s [1]: https://www.mcsweeneys.net/articles/macroeconomic-changes-have-made-it-impossible-for-me-to-want-to-pay-you https://www.mcsweeneys.net/articles/macroeconomic-changes-ha...
- lesuorac 4y ago> In our new plan, we expect to grow revenue by approximately 30% in 2023 and exit Q4 2023 with breakeven non-GAAP operating margin. Interesting plan, too bad operating margin doesn't mean profitable. In 2022 Q3 the 9month cumulative sums show a revenue of 417M with net loss of 346M. Growing 417M by 30% to say 550M still would be a loss of 204M. If they also cut operating expenses by 33% then they could become profitable though.